Reinet Investments S.C.A. commences an Equity Buyback Plan for 39,188,257 shares, representing 20% of its issued share capital, under the authorization approved on August 30, 2021.

Reinet Investments S.C.A. (BDL:REINI) commences share repurchases on March 28, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 30, 2021. As per the mandate, the company is authorized to repurchase 39,188,257 shares, representing 20% of the issued share capital. The shares will be purchased at a price no more than an amount equal to 110% of the weighted average price for the market value for such ordinary shares for the five days of trading immediately prior to the acquisition of such shares and not less than €0.01. The repurchase program is valid until the next Annual General Meeting or 13 months from the date of authorization, whichever is earlier. As of August 30, 2021, the company had 195,941,286 ordinary shares in issue.

On March 24, 2022, the company announced a share repurchase program. Under the program, the company will repurchase 2,500,000 shares for €50 million. The purpose of the program is to return value to the shareholders of the company. The repurchases will commence from March 28, 2022, and will be valid until June 3, 2022.